DuraMarkets Review

DuraMarkets Ltd, established in 2024 and incorporated in Fomboni, Comoros Union (Reg. No. HT00224018), operates under the Mwali International Services Authority (License No. BFX2024032). Despite being relatively new on the scence, DuraMarkets has quickly gained traction among traders by offering competitive trading conditions and strong client support.

Through its MetaTrader 4 platform, DuraMarkets provides 24/5 access to a fairly broad range of trading assets (80+) across Forex, Indices, Commodities, and Cryptocurrencies. While the MT4 platform does cater to a broad range of traders, the addition of MetaTrader 5 would enhance the trading experience by offering more advanced features and tools and it would be good to see them offer it. The broker also offers free VPS services ($5000 deposit requirement) for traders using automated strategies and supports various trading styles, including scalping and hedging.

One of DuraMarkets standout features is its acceptance of U.S. clients, making it one of the few offshore brokers who still do so and allow U.S. traders access to high leverage that they typically do not have access to due to domestic restrictions.

DuraMarkets offers a range of account types to suit different trading preferences:

• Standard Account: $10 minimum deposit, spreads from 0.0 pips, $5 round-turn commission.
• Zero Account: $10 minimum deposit, no commission, spreads from 0.4 pips.
• VIP Account: $500 minimum deposit, spreads from 0.0 pips, $2 round-turn commission, with priority support and dedicated account managers.
• Swap-Free Account: $100 minimum deposit, spreads from 0.6 pips, $2 round-turn commission.

For investors wanting a more hands-off approach, DuraMarkets offers PAMM (Percent Allocation Management Module) accounts. This service connects investors with skilled traders who manage pooled funds across multiple accounts through its MT4 platform. Each investors returns are proportional to their contribution which ensures fair and transparent profit sharing.

Client funds are held in segregated accounts, which ensures they remain separate from the company’s operational funds and they state that they partner with reputable financial institutions and offers raw spreads with no re-quotes or price manipulation.

Deposits and withdrawals are limited to five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and USD Coin (USDC). While this supports quick and borderless transactions, more deposit/withdrawal options would definitely be a plus and would improve accessibility for a wider range of clients. By exclusively accepting cryptocurrencies, DuraMarkets does however avoid CFTC scrutiny, providing more flexible trading conditions for U.S. clients.

Overall, DuraMarkets appears to offer a secure and flexible trading environment with high leverage for U.S. clients and competitive trading conditions for all traders. Areas for improvement include the addition of MetaTrader 5 and a broader range of deposit and withdrawal options.